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You’re being bailed out too. You just don’t understand how. Signature Bank failed and they didn’t tell anyone. A half dozen more would be dead by noon on Monda
by AbrahamParangi 4y ago
You’re being bailed out too. You just don’t understand how.
Signature Bank failed and they didn’t tell anyone. A half dozen more would be dead by noon on Monday. Good luck to rest of the financial system, and good luck to the rest of the economy.
- Willson50 4y agoWe're not bailed out if we're under $250k.
- AbrahamParangi 4y agoWhat about your employer? Would they still have money to pay you?
- Willson50 4y agoIf your employer doesn't pay you, then you find a another job.
- AbrahamParangi 4y agoBold of you to assume that work will be available to you.
- Willson50 4y agoThe alternative is the rich forever get bailouts.
- AbrahamParangi 4y agoThis isn’t bailing out the rich this is businesses. If you want businesses to not exist, fine. I suggest you find some communist utopia and go live there.
- bobberkarl 4y agoOne of these times where you can see how the concentration of quality reasoning on HN decreased with time and popularity. People think hurting businesses will not affect them. Incredible.
- Willson50 4y agoYou're right, this place is just Reddit now.
- ladon86 4y agoThe US has over $9tn of deposits and the entire FDIC insurance fund is only $121bn, which is less than the total assets of SVB alone. FDIC insurance can cover a few bank failures, but not dozens.